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Ivan Menezes

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Sir
Ivan Menezes
Menezes in 2014
Born
Ivan Manuel Menezes

(1959-07-10)10 July 1959
Poona,Bombay State, India
Died6 June 2023(2023-06-06)(aged 63)
London, England
Nationality
  • American
  • British
Alma mater
TitleCEO ofDiageo
Term2013–2023
Children2
FatherManuel Menezes
Relatives

Sir Ivan Manuel Menezes(10 July 1959 – 6 June 2023) was an Indian-born British-American business executive. He was the chief executive officer (CEO) ofDiageo,aFTSE 100British multinational alcoholic beverages company, from 2013 until his death in 2023, succeedingPaul S. Walsh.[1]

Early life

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Menezes was born inPoona,India, on 10 July 1959, to Nina andManuel Menezes.[2][3]His mother, Nina, was a French language and music teacher, while his father, Manuel, was the chairman of the IndianRailway Board.[4][5]The family was fromPomburpavillage inGoa.[6]His brotherVictor Menezeswas the former senior vice-chairman and CFO of Citibank.[2][7][8]

Menezes completed his schooling fromSt. Mary's High School, Mt. Abu,where he graduated as a topper in theIndian school certificate examination.He went on to complete his bachelors in economics and mathematics fromSt. Stephen's College, Delhi,and followed it with a post-graduate degree from theIndian Institute of Management Ahmedabad.He later obtained an MBA fromNorthwestern University'sKellogg School of Management.[8][9][10]

Career

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Menezes joined Diageo in 1997 and held various senior positions, including chief operating officer; chairman; Latin America & the Caribbean; chairman, Asia Pacific; president and CEO, Diageo North America; and chief operating officer, Diageo North America before becoming its global CEO.[3]

Menezes joined Diageo fromGuinness,when the company merged withGrand Metropolitanin 1997 to form Diageo.[11]As the marketing head at Diageo, he is credited for developing theKeep Walking!marketing campaign forJohnnie Walker.[12]As the CEO, he was credited for building the company to its current position owning over 200 brands in over 180 countries, including driving acquisitions of brands includingDon Papa,a Philippine rum,Don JulioandCasamigostequila brands.[13]During his time as the CEO, the market value of the company grew from £42B to £75B.[11]During this time, he led the company to sell most of its wines business and its low-margin mass-market beers and shift its focus toward premium brands like Guinness and spirits like Johnnie Walker.[14][8]

Menezes was a non-executive director of the US-based fashion retailerCoach, Inc.and the chair of theScotch Whisky Association.[3][14]

Menezes wasknightedin the2023 New Year Honoursfor services to business and equality.[15]During his tenure at Diageo, Menezes strove for diversifying its leadership, making more than 40% of Diageo's senior leadership positions held by women.[16]He held dual UK and United States citizenship. He was also an overseas citizen of India.[11]

Personal life

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Menezes was married to Shibani Menezes, a journalist. The couple had met while studying atSt. Stephen's Collegein Delhi.[8][13]The couple had two children,[3]Nikhil and Rohini.[16]He was known to be a cricket and theatre lover.[14]

Menezes died from complications of stomach ulcer surgery on 7 June 2023 in London, at age 63.[12][6]

References

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  1. ^"New Diageo chief Ivan Menezes to focus on emerging markets".The Daily Telegraph.Retrieved20 March2014.
  2. ^ab"Indian to head world's top liquor co".The Times of India.Archived fromthe originalon 22 April 2014.Retrieved6 February2015.
  3. ^abcdMurray, Felicity (7 May 2013)."Ivan Menezes appointed CEO of Diageo".The Drinks Report.Retrieved6 February2015.
  4. ^"Ivan Manuel Menezes (KSM '85)".Kellogg School of Management.Retrieved3 April2015.
  5. ^"I am Goan".oHeraldo.Retrieved16 September2022.
  6. ^ab"In today's ruthless corporate world, Sir Ivan Menezes stood out for channeling his inner Gandalf".Moneycontrol.7 June 2023.Retrieved13 June2023.
  7. ^Livemint (7 June 2023)."Ivan Menezes no more: All you need to know about the Indian-born CEO of Diageo".mint.Retrieved13 June2023.
  8. ^abcd"Sir Ivan Menezes, former Diageo chief executive, dies aged 63".The Times.13 June 2023.ISSN0140-0460.Retrieved13 June2023.
  9. ^"Diageo CEO Ivan Menezes 'undoubtedly one of the finest leaders of his generation' who combined business acumen with 'humility and kindness'".Archived fromthe originalon 8 June 2023.Retrieved8 June2023.
  10. ^"Diageo's Indian-origin CEO Ivan Menezes to get up to Rs. 105-cr pay package".Hindustan Times.Archived fromthe originalon 13 November 2013.Retrieved20 March2014.
  11. ^abcSweney, Mark (7 June 2023)."Diageo boss Ivan Menezes dies aged 63 after short illness".The Guardian.ISSN0261-3077.Retrieved13 June2023.
  12. ^ab"Diageo CEO Ivan Menezes passes away".Reuters.7 June 2023.Retrieved7 June2023.
  13. ^ab"Sir Ivan Menezes: Boss of Guinness maker Diageo dies at 63".BBC News. 8 June 2023.Retrieved13 June2023.
  14. ^abcSpeed, Madeleine (7 June 2023)."Ivan Menezes, businessman, 1959–2023".Financial Times.Retrieved13 June2023.
  15. ^"No. 63918".The London Gazette(Supplement). 31 December 2022. p. N2.
  16. ^ab"Ivan Menezes, India-born CEO of Diageo, passes away at 63".The Economic Times.7 June 2023.ISSN0013-0389.Retrieved20 September2023.
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